Bridging Loan contents
You are normally charged a set interest rate, which is usually referred to in terms of percentage per month. For example; if you borrow £100,000 at 1.5% per month, the loan will cost you £1,500 per month (i.e. 1.5% of £100,000 for each month).
Ideally you should shop around for the best rate. But usually most people simply use the lender that can act quickest because of course in Bridging time is usually of the essence when a this type of loan is required.